St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-19
The COMMERCIAL RECORD.
On the Chicago Board of Trade a Bear
ish Feeling Became Quite
Prevalent.
The Chief Weakness Seemed to Be I'm
Provisions, But Some Spirit
Was Shown.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Glooe.

CHICAGO Oct 1S.-There was not enough
doing in wheat to enable operators TO form
an opinion. The scalpers had fun with
themselves-they worked the market up and
down within a range of SSc. They were
discouraged set of citizens, and complained
of bare pickings. There were no big orders
in the market, and the piungers are still too
intently engrossed in stocks to pay any at.
tention to grain. Shippers and export re-
ports steady inquiry for wheat, but they eX-
perienced more than usual difficulty in
getting grain out of pawn. The
owners of ware house receipts have crawled
into a hole, taken their receipts with them
and thrown away the key About 1890
O'Clock the market became weak and the
crowd went at it with more or less eagerness,
but they didn't do much damage. The pit
filed up and during the last hour of the
morning session considerable business was
done on scale of delivery values. Receipts
at primary points keep up to the full average
of the recent past-about 100000 to 100000
bu. Stocks at length are beginning to con-
centrate at Western points of accumulation,
but as yet
IN No GREAT QUANTITIES.
farmers are pushing supplies forward, how
ever, with increased volume and as cars are
becoming more plentiful on the Granger
lines an increased rail road movement from
the field is anticipated. Estimated local re-
ceiptS for tomorrow are: 157 cars of wheat,
his cars corn, 212 cars oats, and $4,000
hogs, November corn was somewhat excited
between 405Sc and 41c, and May with less
than between 442sc and 445sc. Receipts
were liberal, but not TO excess, the shipping
demand was active and but for the scarcity
of vessel room big business would have
hppO done 1nyipuS simmer maid ne
for freight on Il cargo of corn. For the tirsttime
this season hackers were sellers of product
to-day on Il liberal scale. They evidently feel
that its time they were doing something to
check on the movement of raw material
Receipts at the yards were 800 head, and
for tomorrow the arrivals are estimated at
5000 head In anticipation of easier mar
kets the packers began yesterday to sell
against the product of their establishments,
but not until to-day did they show their
hands. Pork, which closed yesterday at
S12.20, was sold down to SD. January ribs
worked from S6.O7l206. 10, and lard, for all
the active deliveries sold off 10@12l2c.
THE ROUTINE REPORT
CHICAGO. Oct. 1S.-The markets to-day
opened substantially where they closed yes
terday, but the feeling soon became beariSh,
the chief weakness being i'll provisions
Trading was more spirited on the floor to-
QdN lIldll Ou -hOuudN. Dul uuTlDS IlOSI OF the
session was SpaSmodic and principally of
scalping nature. December wheat opened at
T214c and dropped to 717s@172c under q
pronounced disposition to sell the article.
This was followed by reaction to the clos
ing figures of yesterday and before the close
there was return of the weakness of the
morning, the bears trying in vain to pound
the December future below re. On the
afternoon board another reaction occurred,
and December recovered its losses, closing at
124012Ssc. The receipts continue
large at Northwest points, and moderately
light at other points. Corn1was almost feat
ureless to-day. The trading was of very
tame and limited kind, and at times the pit
was entirely quiet many of the traders being
attracted 10 the provision pit. The demand
for cash corn was slightly better than yester-
day. May corn opened at 44lac, fluctuated
between 44Ssc and 449sc, closing at the lat
ter figure.
There was light trading in future deliveries
of oats and the market was extremely mar
prices. The general tone was weak,
and all months were easier. Rro
visions showed some awakenin of old
time life. Traders found it necessary to
again take possession of the pit and for the
first day in many weeks the market claimed
something like a fair attention Considera-
bic activity characterized business, yet the
movement was bearish, and lower prices the
rule. unexpected receipts of live hogs de-
VelOped an unusual desire to sell. Packers
who have been heretofore conservative in
selling against their anticipated production
joined the ranks of sellers, and with ex-
cesslye offerings a severe depression fol-
lowed. Based on last nights closings the
days decline amounted TO zoe on January
pork. lO@l2l on near deliveries of lard,
2l2c on October short ribs and Toe on Janu-
airy short ribs. January was the most active
delivery throughout 1t sold for pork from
$3.50 early down to 1879. for lard from
S6-20 to S6.O7l2, and for short ribs from
SGD down to S6.05@60712. Pork closed
Is q 81 , 10 I'd \
short ribs at S6.O712.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat No. 2. October, opening 6934c closing
694c; November, opening 705sc, closing
10!sc; December. opening 7214c, closing
I24c; May, opening 715sc, closing 77ssc
Corn No; 2, October, opening 407sc. closing
407Sc; November opening 407sc. closi, q
4O18c; December, opening 407Sc, closing
4O1Sc: May. opening, 44Ssc, closing 445sc
Oats No. 2 October, opening 2534c closing
Posse; November, opening 2534c, closing
23$c; May, opening 29ss, closing 294c.
closing S12O2. Lard, per 100 lbs, October,
opening Sc. 17I2, closing S6.15; Decembr-,
opening Sc 12l2. closing sc. O7l2; Januar.
$6.45, closing S6.45. Short Ribs, per 100
lbs, October opening sos, closing sos:
January, opening S6.15, closing S6O7l2
Cash, quotations were as follows: Flour in
fair demand and moderate supply; prices are
69S4c; No. 3 spring csc; No. 2 red, 7lIac''
Corn-No. 2, 404s@40Sc. Oats-No. 2.
2254c. Rye-No; 2, soc; Barley-No. 2,
seed 50. 2O@2. %. Mess pork, per Dbl, $3.50
1925. Lard, per 100 lbs, Sc 2GD6. 25. Short
ribs sides Qoose). sos; dry sailed shoulders
(boxed( S5.60@5.10; short clear sides
lboXedl, ST.4O@7.45. Whisky-Distillers'
finished goods, per gallon, S1iO. Sugars
Cut loaf, &c; graduated, Gaze; Standard "a"
64@6l2c, Receipts-Flour, 1920 bbls;
wheat, $4,000 bu; corn, AS, 900 bu; oats,
bu. Shipments-Flour,1 Il, 900 bbls; wheat.
10000 bu; corn, 10000 bu: oats, 1859. 600
bu; rye, 1000 bu; barley, a. 900 bu On the
produce exchange to-day the butter market
was quiet; creamery, 19@25l2c; dairy. 1917
M22c EGGS firm nj l IN ] zn Co. Eel. - ~